Search For "direct tax"
Government's Tax collections to stay strong in FY26, net tax revenue estim
Updated : 1 year, 2 months ago IST
The government's tax collections are expected to remain healthy in the financial year 2025-26 (FY26), according to a report by CareEdge Ratings.
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90,000 taxpayers withdraw incorrect deductions worth Rs 1,070 crores
Updated : 1 year, 2 months ago IST
Approximately 90,000 taxpayers have voluntarily withdrawn incorrect deduction claims totaling around Rs 1,070 crores in their ITRs and have paid additional taxes, according to the sources.
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Gross Direct Tax collection sees 19.94 per cent growth as of January 12
Updated : 1 year, 2 months ago IST
Corporate tax (CT) contributed Rs9.72 lakh crore, while non-corporate tax (NCT) stood at Rs10.45 lakh crore. Collections from Securities Transaction Tax (STT) surged to Rs44,538 crore, and other taxes contributed Rs2,868 crore. These figures highlight robust growth across key categories, dri
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IDFC FIRST Bank Goes Live on Direct Tax Collection System of CBDT
Updated : 1 year, 2 months ago IST
Mumbai (Maharashtra) [India], January 10: IDFC FIRST Bank announced its integration with Income Tax Portal to collect Direct Tax on behalf of Central Board of Direct Taxes (CBDT), Government of India. The Bank's customers can now benefit from an intuitive, hassle-free payment experience for
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IDFC FIRST Bank goes live on Direct Tax Collection System of CBDT
Updated : 1 year, 2 months ago IST
Mumbai (Maharashtra) [India], January 9: IDFC FIRST Bank announced its integration with Income Tax Portal to collect Direct Tax on behalf of Central Board of Direct Taxes (CBDT), Government of India. The Bank's customers can now benefit from an intuitive, hassle-free payment experience for p
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New deadline to file belated/revised ITR extended to 15 January for reside
Updated : 1 year, 2 months ago IST
The Central Board of Direct Taxes (CBDT) has extended the last date for furnishing Belated/ Revised return of income (ITR) for the Assessment Year (AY) 2024-25 for Resident Individuals, the CBDT stated in a notification.
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Vivad Se Vishwas Scheme gets one-month extension
Updated : 1 year, 2 months ago IST
The government has extended by a month the due date to resolve pending appeals in the case of income tax disputes under the Vivad Se Vishwas Scheme.
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Direct tax collections rise 20.3% to Rs 19.2 lakh crore by far in 2024-25
Updated : 1 year, 3 months ago IST
The gross direct tax collections by the government so far in 2024-15 were 20.32 per cent higher on a yearly basis at Rs 19.21 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed on Wednesday.
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Central Board of Direct Taxes extends deadline for taxpayers with internat
Updated : 1 year, 3 months ago IST
The Central Board of Direct Taxes (CBDT) on Saturday extended the due date for filing the return of income tax for tax payers with international transactions who are required to submit informations under section 92E.
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CBDT announces extending ITR filing deadline for corporates till November
Updated : 1 year, 5 months ago IST
The Central Board of Direct Taxes (CBDT) has announced the extension of the due date for filing Income Tax Returns (ITR) for corporates in the assessment year 2024-25, The Ministry of Finance said in an official release on Saturday.
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4th Hockey India Senior Women's Inter-Department National C'ship: RSPB cli
Updated : 1 year, 5 months ago IST
The match, held at New Delhi's Major Dhyanchand National Hockey Stadium, featured some of India's top hockey stars and provided an electrifying conclusion to the tournament.
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Govt reduces charges for TDS default from multiple rates of 2,3 and 5 pc t
Updated : 1 year, 5 months ago IST
The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process easier and more accessible for taxpayers, according to a statement by Ministry of Finance.
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